Behaviors Archives - Page 4 of 7

Can People Avoid Disrespecting Money

Hey it’s that time again to discuss all the great and fun things about money. For starters never love or obsess about money, but love the freedom and usability money can bring. How can people avoid disrespecting money? Well it’s quite simple and it is basic personal finance mumbo jumbo we have all heard in the past.

I will dig into this topic and reveal all the ways regular folks are disrespecting money everyday. Do you want the best use of in-flow and out-flow for all your income? Well if the answer is yes then you can continue reading because I will instill a few nuggets of wisdom in this blog for all of you. Disrespecting money can happen in many fashions and it is up to you to put a halt to it once and for all. This is not a post about the irresponsible football player who goes bankrupt or about someone making over 200K and still living paycheck to paycheck. It is about simple ways anyone can stop disrespecting money and begin using it for the tool that it really is.

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How to Practice Patience

What’s going on today my friends? The topic today is patience, I feel if you practice patience you can successfully train the mind to do extraordinary things. For example you can become a better person by not letting impulses drive your actions. The number one detriment to people becoming wealthy today is a lack of patience. The Delayed gratification phrase is steadily being played out like a 90s hit song all over the personal finance world, but it is the sad truth many people are faced with because we all want things now.

In this society patience is running thin, and I see the harmful effects of this every day. From the careless drivers who cannot help themselves to look up away from their cell phones, to the guys running up enormous bar tabs to impress girls at a bar. It all boils down to having patience in life. I will share with all of you today how to practice patience and I hope you can see the benefits to why you would want to practice being more patient in life. How to practice patience examples listed below:

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The 10 Personal Finance Mistakes

Do you have a list of mistakes you just keep repeating? Did you know if you write them down in a journal to jolt your memory that you probably might not make those mistakes again? Well I’m going to share with you the 10 personal finance mistakes I’ve made in life and I am vowing that I never make them again. Learn from your personal finance mistakes to become Wealthy.

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The Last Hundred Dollars

A new series is born today, with the premise that now I will let you in to see the last things that I spent a hundred dollars on. Imagine if you only had a hundred dollars to your name, what would you spend it on? The last hundred is a way to lighten up the financial blogosphere with something unique.

Yeah I could give you a bunch of boring spreadsheets showing my monthly net worth, but that’s been done a thousand times over. Also part of me is still hesitant to fully reveal my financial numbers in all its lowly glory. What will this accomplish, maybe nothing. But it sure is exciting to see what people spend money on, don’t you think?

The summer is now here and I am excited to have fun in the sun. See below for all the spending based off the last hundred dollars.

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The Habits we Keep

The habits we keep

Did you know that on average we maintain the same habits throughout our life? Guess what, a light bulb just turned on, look above your head for the light. What habits are driving you in your life? I hope by now you realize that it takes great effort to maintain good habits consistently, and it takes the same effort to maintain bad ones.The habits we keep will help us succeed or not in life.

We consciously make choices to see those habits develop as the years pass. Now I ask you, if bad habits drive your life what can you expect back out of life? Karma and a guilty conscience will eat at you little by little. I believe that the mental fortitude we have only gets weaker with every bad decision we make. So I am telling you we are creatures of habit, and if we try to make the good ones stick you can win with personal finance. Granted not all habits revolve around money, but many have a direct relationship with your ability to keep more dollars in your possession.

In contrast if you regularly live life practicing good habits you will reap the benefits. For example consistently investing almost always gives you a bajillion dollars in the bank. Granted bad things happen to good people, and I know for a fact statistically bad things also happen to bad people. Keeping that in perspective we can’t live life in fear, and we can decide how to live life based off either good or bad habits. If you’ve decided to live life fostering bad habits, that’s fine live your life, but at the end of the day what does that say about how dishonest you are with loving your life.

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An Oath To Father’s Day

Yesterday was father’s day and I’m here to say all the things some fathers do to support the household. We do our best to hold down the fort in any way possible. This post is obviously from my experience as a father and as a son who was raised by a great father. An Oath to Father’s Day is all the things great father’s do all year round in many ways to show support. What were some of the things your father did for you in your childhood home? See below for the best father’s day list ever:

An Oath To Father’s Day:

We are Leaders

An	Oath	To	Father’s Day
Leaders	Healers	Builders	Providers
Garbage Men	Teachers	Mayors	Chefs
Supporters	Videographers	Coaches	Psychologists
Dish Washers	Husbands	Directors	House Cleaners
Judges	Movers	Comedians	Dancers
Photographers	Trainers	Piggy Bank Managers	Taxi Drivers
Debaters	Role Models	Painters	Fathers

We are Fathers

I know maybe I missed a few of the jobs and roles we have as fathers. As a way to motivate each other, if you are ever struggling to find a career remember all the things you do as father and maybe you can find a job doing one of these roles. It takes real courage to provide for a family, and if you have a career crisis, just do your best to do any job for the sake of the family. It doesn’t matter what you do, all that matters is that you can successfully put some food on the table.

If you can think of a few I missed, send them over and Ill gladly add them to the list. Why did I do a list like this, because I take pride in everything I do to support my family?

An Oath to Father’s Day is about appreciating all the little things father’s do and I hope you can leave a comment on this great topic.

Rich Uncle EL

Why People Spend Out of Control

We all like to judge the football players who make a ton of money but then go bankrupt within 5 years after playing football. How about the lottery winners who go insane and crazy, buying all sorts of stuff to please their deprived hearts. But what is the root problem behind their personal finance choices? Why are they and the average person so bad managing money? Well I have a theory aka as I witnessed a few while experiencing some and now I can talk about why people spend out of control.

STOP SPENDING SO MUCH MONEY!

I have gotten a few windfalls in my lifetime, which includes bonus dollars from past employers and a small work related settlement. Now the amount I received is nowhere near the millions of dollars I hear athletes make, but for argument sake it’s all relative. My spending level broken down by a percentage might be equal to theirs, give or take a few zeros at the end of the big fat check.

Why people spend out of control? See below for the 6 reasons I found plague most people with spending excessively. (Be open to reading the facts affecting most people because it can hopefully help folks with money, many people will shy away and only publish happy go lucky posts. I feel differently on this matter and I know this is real truthful writing that can change behaviors.)

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The Truth behind Multi-Level Marketing

Hey guys I wanted to discuss some things with you today about multi-level marketing. The truth behind multi-level marketing is primarily a sales driven opportunity, so if you do not have the gift of the gab success in this business model will be difficult. I have witnessed this type of business since the late 80’s because my mother was a Mary Kay Representative. I saw her do meetings in our home; I noticed a ton of product that she purchased to sell to others. She reached a small level of success within Mary Kay, and it was a great step for her growth process. After a few years her desire started to dwindle, and she was left with the entire inventory of unsold product. Due to inexperience with accounting and a lack of recordkeeping my mother never really knew if her revenue exceeded her expenses. Mary Kay is still around today and their competitor as well the popular company called Avon. Now the new MLM trend to hit the U.S. is Utility companies looking to take a grapple hold on this business model.

I once ventured into MLM through a company called Mona Vie; they sell juice as a business model. I began my journey in this business for $300 dollars upfront costs for an entry level distributor. A family member introduced me to this fabulous experience. They also sell a monthly juice plan that ranges from 1 to an unlimited amount of bottles billed per month. I failed at this business because I never wanted to be a seller and I never will. My family member and everyone involved that I knew personally through the business also did not succeed with this company. I guess I do not like the awkward situations that selling places people in on both sides of the equation. The morale of the story is the people who benefitted from Mona Vie is and will always be the high level executives at the top of the food chain.

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